Goldman Sachs isn't the only trading firm facing potential losses after the bank on Tuesday flooded the U.S. stock-options market with erroneous orders. Jacob Bunge reports on The News Hub. Photo: AP.

This transcript has been automatically generated and may not be 100% accurate.

... the ... a lot of Iran its options all this to my piccies thing and now ... the NYSE has told officials and tends ... to come to complete a with youths attacked with small mistake of Aunty joins us from ... amid last checkup thanks a bailout ... that's a five-year ... high and someone one of the firm set up behind the flood of Iran is sort of oh what this mom of Goldman Sachs ... we are now ... another one of these issues as this I'm you know that these sorts of things have ... become ... in on ... for so it's semi regular occurrence over the last couple years and and what it was yesterday but at the open of the markets ... I've software system a Goldman Sachs uses to try and gauge its clients' interest in buying ... out various options contracts ... and I mistakenly or ... repairs attended a lot of orders out into the market that ... became ... actual trades when other traders sought them out there and interacted with that so what you have to say ... you know more than twenty four hours later the exchange officials are going through their pre Ewing each one of these trades they're trying to decide ... which ones will stand them that their rules which ones are to be canceled ... and which ones are somewhere in between where they think they can find a middle ground between the price that that the trailing off that and and what it really shows that ... so did check up ... let let's give this why Goldman Sachs my app that might be able to have at least some possibly all of these Iranian that what they say are Iranians trades options trades ... can sold and so that means if they've lost money on aam which could limit their growth on ... them that's not a problem whereas if your ideal options trading and we ... had the bomb accidentally when we get this time treatments ... well it these changes have clear-cut rules on now what constitutes a at what they call clearly erroneous ... and that they have a process for evaluating Hugo Chavez to be canceled altogether in which case yes are right ... Goldman says when you walk away from that particular one ... you know which case of patients than because not everyone of them is going to be canceled and which ones to come out somewhere in the middle ... which is really what the traders prefer ... and Simon part of reason this is such a big deal not just that Goldman Sachs and not just that the exchanges but to a lot of traders in the market is because ... those orders plans out there ... before you know bought and sold options ... basis of the sort of the Golan but on ... the way you've got now and the fallout of traders all across the country will hold positions and they are not sure whether you know those will be honored it made other trades based on those positions ... they'll be stuck with the new position they might not want to sell and and ... the confusing thing if you're a traitor ... and creates a ton of uncertainty in the market timing one one other things so aam you now I'm I'm I'm from its friends with him in the in the futures markets ... a long time ago is that you know it's it's you know if you lose money than other money that's that that's when the dawn of the contract price ... that that's the idea that twelve Loeb's exchanges work ... well that's true here I think you're an expense however they do have these policies in place where you know someone makes a affecting order ... I've that sort of thing you know they they try and allow for that sort of thing where yet ... the objection your life is that the traders ... out there in the world that have interacted with these orders that Goldman said ... they're saying hey ... you know this is just a dumb pipe another firm if you're going to cancel the order I end up with exposure ... and that's not right you're transferring risk from Goldman Sachs who made the mistake of me with it ... and you know there's gonna be some kind of middle ground ... Avastin am shows them a lot a lot of bylaw bang with a bowl of warm weather no thank you very much was applied and Jacob Bunge Ee ... of The will Street